Falcon Ocean AS joins Vestdrill Group
Falcon Ocean AS has joined the Vestdrill Group contributing to the further development of a strong multi-discipline consultancy company with speciality energy sector competence.
Following the merger, the company has about 120 highly qualified consultants in the fields of drilling, well construction and well completion, operations, training and instruction and HSEQ. Through the merger, both Falcon Ocean and Vestdrill Group will be able to offer their customers a more complete competence package, greater flexibility and an assurance of access to resources in a sector that is characterised by a scarcity of competence.
All three founders/managers of Falcon Ocean AS; Ola Rørvik, Lars Endre Hestenes og Eskild Falmår Kristiansen will continue to work in the company.
Progressus, a private equity fund, has invested capital in Vestdrill Group and is active on the Board in order to contribute to growth. Progressus' Per Arne Jensen is Chairman of the Board of the Vestdrill Group and he will also be Chairman of the Board of Falcon Ocean AS. The other shareholders in the Vestdrill Group are for the most part members of the company's management or employees.
It is anticipated that Vestdrill Group's total revenue this year will be in the NOK 250–300 million range.
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